Arista Networks, Inc. $ANET Shares Bought by Inspire Investing LLC

Key Points

• Inspire Investing LLC increased its holdings in Arista Networks by 20.1% in the first quarter, making it the firm's sixth largest investment.
• Arista Networks reported $0.73 earnings per share for the last quarter, exceeding expectations and demonstrating a 30.4% increase in revenue year-over-year.
• Institutional investors own approximately 82.47% of Arista Networks' stock, indicating strong market interest and confidence in the company's performance.

Inspire Investing LLC lifted its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 20.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,905 shares of the technology company's stock after buying an additional 25,875 shares during the quarter. Arista Networks comprises approximately 1.4% of Inspire Investing LLC's investment portfolio, making the stock its 6th biggest holding. Inspire Investing LLC's holdings in Arista Networks were worth $12,002,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Clearstead Trust LLC grew its holdings in Arista Networks by 5.1% during the first quarter. Clearstead Trust LLC now owns 2,455 shares of the technology company's stock valued at $190,000 after purchasing an additional 119 shares during the period. Pier 88 Investment Partners LLC grew its holdings in Arista Networks by 1.5% during the first quarter. Pier 88 Investment Partners LLC now owns 7,960 shares of the technology company's stock valued at $617,000 after purchasing an additional 120 shares during the period. Optimum Investment Advisors grew its holdings in Arista Networks by 31.3% during the first quarter. Optimum Investment Advisors now owns 525 shares of the technology company's stock valued at $41,000 after purchasing an additional 125 shares during the period. PFG Advisors grew its holdings in Arista Networks by 2.7% during the first quarter. PFG Advisors now owns 5,061 shares of the technology company's stock valued at $392,000 after purchasing an additional 131 shares during the period. Finally, Harbour Investments Inc. grew its holdings in Arista Networks by 9.4% during the first quarter. Harbour Investments Inc. now owns 1,624 shares of the technology company's stock valued at $126,000 after purchasing an additional 139 shares during the period. Institutional investors and hedge funds own 82.47% of the company's stock.

Arista Networks Stock Up 1.8%

Arista Networks stock opened at $153.43 on Friday. The stock has a market capitalization of $192.84 billion, a PE ratio of 60.35, a price-to-earnings-growth ratio of 3.54 and a beta of 1.50. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $156.32. The company has a 50 day moving average of $126.11 and a 200-day moving average of $99.86.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business's quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. UBS Group boosted their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wedbush assumed coverage on shares of Arista Networks in a report on Wednesday, May 28th. They set an "outperform" rating for the company. Wolfe Research initiated coverage on shares of Arista Networks in a research note on Tuesday, July 8th. They issued an "outperform" rating on the stock. Finally, Piper Sandler upped their price target on shares of Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Arista Networks currently has a consensus rating of "Moderate Buy" and an average price target of $138.79.

Insider Transactions at Arista Networks

In other news, SVP Kenneth Duda sold 30,000 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $136.51, for a total value of $4,095,300.00. Following the sale, the senior vice president owned 12,976 shares of the company's stock, valued at $1,771,353.76. The trade was a 69.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $117.01, for a total transaction of $936,080.00. Following the completion of the sale, the director directly owned 57,784 shares in the company, valued at approximately $6,761,305.84. This represents a 12.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,334,926 shares of company stock valued at $795,392,998 over the last 90 days. 3.39% of the stock is owned by corporate insiders.

Arista Networks Profile

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.

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